Just called their CC department and they were not aware of the existence of Club Vistara CC. then they put me on hold for 5 minutes and said im eligible and all the rewards and benefits I will know after getting the card .I did a quick calculation and the IDFC card is a lot more rewarding with the welcome benefits alone compared to SBI.
Assuming 1 CV = ₹1 and 1 PE ticket = ₹7500
IDFC
Welcome benefits
2000 CV + floor(30000/200)*6 = 2900 CV = 9.67% returns for the first 3 months.
First yearly milestone
₹7500 + floor(150000/200)*6 = 12000 CV = 8% returns*
*Important to note: 6 CV only till 1L monthly spends, 4 CV thereafter. Also utility, fuel and wallet loads only fetch 1 CV.
SBI
Welcome benefit
3000 CV + floor(75000/200)*4 = 4500 CV = 6%
First milestone
₹7500 + floor(150000/200)*4 = 10500 CV = 7%
So other than the steadily better milestone reward rate, the deciding factor b/w the two will be if you have the spends to utilise welcome benefits to the max, and whether you prefer SBI support to IDFC's.
I don't have an experience with IDFC, can someone please share theirs? Also how are their regular bank offers?
Twitter. Out Technofino confirmed this.Where are you getting the info regarding ICICI Marriott credit cards from?